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v3.25.1

LOANS ISSUED (Tables) | 12 Months Ended
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Mar. 31, 2025
Receivables [Abstract] |
Schedule of Accounts, Notes, Loans and Financing Receivable | Loans issued as of March 31, 2025, consisted of the following:
| Amount Outstanding |  | Due Dates |  | Average Interest Rate |  | Fair Value of Collateral |  | Loan Currency
Mortgage loans | $ | 924,530 |  |  | April 2025 - March 2050 |  | 11.4% |  | $ | 924,386 |  |  | KZT
Uncollateralized bank customer loans | 249,448 |  |  | April 2025 - March 2045 |  | 28.1% |  | — |  |  | KZT
Right of claim for purchased retail loans | 183,635 |  |  | April 2025 - March 2030 |  | 15.0% |  | 183,635 |  |  | KZT
Car loans | 156,340 |  |  | April 2025 - April 2032 |  | 24.2% |  | 155,320 |  |  | KZT
Collateralized bank customer loans | 148,759 |  |  | April 2025 - July 2043 |  | 19.6% |  | 128,543 |  |  | KZT
Other | 7,838 |  |  | April 2025 - September 2029 |  | 18.00% / 12.70%/ 3.00% |  | 29 |  |  | KZT/EUR/USD
Allowance for loans issued | (75,115) |  |  |  |  |  |  |  |  |
Total loans issued | $ | 1,595,435 |  |  |  |  |  |  |  |  |
Loans issued as of March 31, 2024, consisted of the following:
| Amount Outstanding |  | Due Dates |  | Average Interest Rate |  | Fair Value of Collateral |  | Loan Currency
Mortgage loans | $ | 741,312 |  |  | April, 2024 - March, 2049 |  | 10.3% |  | $ | 740,462 |  |  | KZT
Car loans | 262,708 |  |  | April, 2024 - March, 2031 |  | 23.9% |  | 259,755 |  |  | KZT
Uncollateralized bank customer loans | 245,188 |  |  | April, 2024 - March, 2044 |  | 27.4% |  | — |  |  | KZT
Right of claims for purchased retail loans | 146,152 |  |  | April, 2024 - March, 2029 |  | 15.0% |  | 146,152 |  |  | KZT
Collateralized bank customer loans | 22,299 |  |  | June, 2024 - July, 2043 |  | 19.1% |  | 22,270 |  |  | KZT
Subordinated loan | 5,037 |  |  | December, 2025 |  | 3.0% |  | — |  |  | USD
Other | 2,638 |  |  | April, 2024 - January, 2029 |  | 18.6%/15.0%/2.5% |  | 18 |  |  | KZT\USD/EUR
Allowance for loans issued | (43,619) |  |  |  |  |  |  |  |  |
Total loans issued | $ | 1,381,715 |  |  |  |  |  |  |  |  |
Financing Receivable Credit Quality Indicators | The table below presents the Group's loan portfolio by credit quality classification and origination year as of March 31, 2025. Current vintage disclosure is the requirement due to first adoption of ASC 326.
| Term Loans by Origination Year
| 2025 |  | 2024 |  | 2023 |  | 2022 |  | 2021 |  | Prior |  | Revolving loans |  | Total
Mortgage loans | $ | 336,535 |  |  | $ | 186,816 |  |  | $ | 370,588 |  |  | $ | 30,591 |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 924,530 |
that are not credit impaired | 336,051 |  |  | 184,610 |  |  | 367,918 |  |  | 29,876 |  |  | — |  |  | — |  |  | — |  |  | 918,455 |
with significant increase in credit risk | 410 |  |  | 1,361 |  |  | 1,402 |  |  | 340 |  |  | — |  |  | — |  |  | — |  |  | 3,513 |
that are credit impaired | 74 |  |  | 845 |  |  | 1,268 |  |  | 375 |  |  | — |  |  | — |  |  | — |  |  | 2,562 |
Uncollateralized bank customer loans | 110,094 |  |  | 120,583 |  |  | 18,771 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 249,448 |
that are not credit impaired | 108,045 |  |  | 103,320 |  |  | 15,590 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 226,955 |
with significant increase in credit risk | 1,011 |  |  | 3,557 |  |  | 663 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 5,231 |
that are credit impaired | 1,038 |  |  | 13,706 |  |  | 2,518 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 17,262 |
Right of claim for purchased retail loans | 151,237 |  |  | 30,702 |  |  | 1,688 |  |  | 8 |  |  | — |  |  | — |  |  | — |  |  | 183,635 |
that are not credit impaired | 151,237 |  |  | 30,702 |  |  | 1,688 |  |  | 8 |  |  | — |  |  | — |  |  | — |  |  | 183,635 |
with significant increase in credit risk | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
that are credit impaired | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Car loans | 5,974 |  |  | 116,459 |  |  | 33,907 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 156,340 |
that are not credit impaired | 5,974 |  |  | 110,871 |  |  | 26,014 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 142,859 |
with significant increase in credit risk | — |  |  | 1,603 |  |  | 836 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 2,439 |
that are credit impaired | — |  |  | 3,985 |  |  | 7,057 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 11,042 |
Collateralized bank customer loans | 140,835 |  |  | 7,788 |  |  | 136 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 148,759 |
that are not credit impaired | 138,761 |  |  | 7,498 |  |  | 136 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 146,395 |
with significant increase in credit risk | 2,020 |  |  | 73 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 2,093 |
that are credit impaired | 54 |  |  | 217 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 271 |
Other | 232 |  |  | 1,237 |  |  | 6,323 |  |  | 46 |  |  | — |  |  | — |  |  | — |  |  | 7,838 |
that are not credit impaired | 232 |  |  | 1,229 |  |  | 6,323 |  |  | 46 |  |  | — |  |  | — |  |  | — |  |  | 7,830 |
with significant increase in credit risk | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
that are credit impaired | — |  |  | 8 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 8 |
Total | $ | 744,907 |  |  | $ | 463,585 |  |  | $ | 431,413 |  |  | $ | 30,645 |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 1,670,550 |
The table below presents the Group's loan portfolio by credit quality classification as of March 31, 2024.
| Term Loans by Origination Fiscal Year
| 2024 |  | 2023 |  | 2022 |  | 2021 |  | 2020 |  | Prior |  | Revolving loans |  | Total
Mortgage loans | $ | 241,848 |  |  | $ | 458,401 |  |  | $ | 41,063 |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 741,312 |
that are not credit impaired | 240,974 |  |  | 454,933 |  |  | 40,784 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 736,691 |
with significant increase in credit risk | 676 |  |  | 2,415 |  |  | 111 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 3,202 |
that are credit impaired | 198 |  |  | 1,053 |  |  | 168 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 1,419 |
Car loans | 196,305 |  |  | 66,403 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 262,708 |
that are not credit impaired | 193,302 |  |  | 55,427 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 248,729 |
with significant increase in credit risk | 1,590 |  |  | 2,232 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 3,822 |
that are credit impaired | 1,413 |  |  | 8,744 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 10,157 |
Uncollateralized bank customer loans | 210,612 |  |  | 34,568 |  |  | 8 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 245,188 |
that are not credit impaired | 200,211 |  |  | 30,337 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 230,548 |
with significant increase in credit risk | 4,715 |  |  | 1,072 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 5,787 |
that are credit impaired | 5,686 |  |  | 3,159 |  |  | 8 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 8,853 |
Right of claim for purchased retail loans | 130,291 |  |  | 15,694 |  |  | 167 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 146,152 |
that are not credit impaired | 130,291 |  |  | 15,694 |  |  | 167 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 146,152 |
with significant increase in credit risk | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
that are credit impaired | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Collateralized bank customer loans | 21,972 |  |  | 327 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 22,299 |
that are not credit impaired | 21,796 |  |  | 327 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 22,123 |
with significant increase in credit risk | 89 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 89 |
that are credit impaired | 87 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 87 |
Subordinated loan | — |  |  | 5,037 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 5,037 |
that are not credit impaired | — |  |  | 5,037 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 5,037 |
with significant increase in credit risk | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
that are credit impaired | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Other | 2,404 |  |  | 165 |  |  | 69 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 2,638 |
that are not credit impaired | 2,395 |  |  | 165 |  |  | 69 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 2,629 |
with significant increase in credit risk | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
that are credit impaired | 9 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 9 |
Total | $ | 803,432 |  |  | $ | 580,595 |  |  | $ | 41,307 |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 1,425,334 |
Financing Receivable, Past Due | Aging analysis of past due loans as of March 31, 2025 and March 31, 2024, is as follows:
| March 31, 2025
| Loans 30-59 days past due |  | Loans 60-89 days past due |  | Loans 90 days or more past due and still accruing |  | Current loans |  | Total
Mortgage loans | $ | 2,835 |  |  | $ | 678 |  |  | $ | 2,562 |  |  | $ | 918,455 |  |  | $ | 924,530 |
Uncollateralized bank customer loans | 3,132 |  |  | 2,099 |  |  | 17,262 |  |  | 226,955 |  |  | 249,448 |
Right of claim for purchased retail loans | — |  |  | — |  |  | — |  |  | 183,635 |  |  | 183,635 |
Car loans | 1,548 |  |  | 892 |  |  | 11,041 |  |  | 142,859 |  |  | 156,340 |
Collateralized bank customer loans | 957 |  |  | 1,135 |  |  | 271 |  |  | 146,396 |  |  | 148,759 |
Other | — |  |  | — |  |  | 8 |  |  | 7,830 |  |  | 7,838 |
Total | $ | 8,472 |  |  | $ | 4,804 |  |  | $ | 31,144 |  |  | $ | 1,626,130 |  |  | $ | 1,670,550 |
| March 31, 2024
| Loans 30-59 days past due |  | Loans 60-89 days past due |  | Loans 90 days or more past due and still accruing |  | Current loans |  | Total
Mortgage loans | $ | 2,133 |  |  | $ | 1,069 |  |  | $ | 1,419 |  |  | $ | 736,691 |  |  | $ | 741,312 |
Car loans | 2,167 |  |  | 1,655 |  |  | 10,157 |  |  | 248,729 |  |  | 262,708 |
Uncollateralized bank customer loans | 3,576 |  |  | 2,211 |  |  | 8,853 |  |  | 230,548 |  |  | 245,188 |
Right of claim for purchased retail loans | — |  |  | — |  |  | — |  |  | 146,152 |  |  | 146,152 |
Collateralized bank customer loans | — |  |  | 89 |  |  | 87 |  |  | 22,123 |  |  | 22,299 |
Subordinated loan | — |  |  | — |  |  | — |  |  | 5,037 |  |  | 5,037 |
Other | — |  |  | — |  |  | 9 |  |  | 2,629 |  |  | 2,638 |
Total | $ | 7,876 |  |  | $ | 5,024 |  |  | $ | 20,525 |  |  | $ | 1,391,909 |  |  | $ | 1,425,334 |
Financing Receivable, Allowance for Credit Loss | The activity in the allowance for credit losses as of March 31, 2025 and March 31, 2024 is summarized in the following tables.
| Allowance for credit losses
| Mortgage loan |  | Uncollateralized bank customer loans |  | Collateralized bank customer loans |  | Car loans |  | Right of claim for purchased retail loans |  | Other |  | Total
March 31, 2024 | $ | (3,033) |  |  | $ | (19,636) |  |  | $ | (80) |  |  | $ | (14,262) |  |  | $ | (6,577) |  |  | $ | (31) |  |  | $ | (43,619) |
Charges | (10,043) |  |  | (38,895) |  |  | (4,703) |  |  | (5,335) |  |  | (20,324) |  |  | (24) |  |  | (79,324) |
Recoveries | 1,694 |  |  | 6,778 |  |  | 1,524 |  |  | 6,761 |  |  | 8,331 |  |  | — |  |  | 25,088 |
Write off | 1 |  |  | 13,273 |  |  | 7 |  |  | 2,914 |  |  | — |  |  | 30 |  |  | 16,225 |
Forex | 682 |  |  | 3,001 |  |  | 138 |  |  | 1,457 |  |  | 1,237 |  |  | — |  |  | 6,515 |
March 31, 2025 | $ | (10,699) |  |  | $ | (35,479) |  |  | $ | (3,114) |  |  | $ | (8,465) |  |  | $ | (17,333) |  |  | $ | (25) |  |  | $ | (75,115) |
| Allowance for credit losses
| Mortgage loan |  | Uncollateralized bank customer loans |  | Collateralized bank customer loans |  | Car loans |  | Right of claim for purchased retail loans |  | Other |  | Total
March 31, 2023 | $ | (554) |  |  | $ | (233) |  |  | $ | — |  |  | $ | (758) |  |  | $ | (1,247) |  |  | $ | — |  |  | $ | (2,792) |
Adjustment to allowance for adoption of ASU 2016-13 | (2,216) |  |  | (7,436) |  |  | (35) |  |  | (6,462) |  |  | (9,046) |  |  | — |  |  | (25,195) |
Charges | (2,361) |  |  | (22,464) |  |  | (115) |  |  | (15,014) |  |  | (13,334) |  |  | (31) |  |  | (53,319) |
Recoveries | 2,132 |  |  | 10,795 |  |  | 71 |  |  | 8,181 |  |  | 17,095 |  |  | — |  |  | 38,274 |
Forex | (34) |  |  | (298) |  |  | (1) |  |  | (209) |  |  | (45) |  |  | — |  |  | (587) |
March 31, 2024 | $ | (3,033) |  |  | $ | (19,636) |  |  | $ | (80) |  |  | $ | (14,262) |  |  | $ | (6,577) |  |  | $ | (31) |  |  | $ | (43,619) |

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- Definition Tabular disclosure of financing receivables by credit quality indicator. The credit quality indicator is a statistic about the credit quality of financing receivables. Examples include, but not limited to, consumer credit risk scores, credit-rating-agency ratings, an entity's internal credit risk grades, loan-to-value ratios, collateral, collection experience and other internal metrics. + References Reference 1: http://fasb.org/us-gaap/role/ref/otherTransitionRef -Topic 310 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 29 -Publisher FASB -URI https://asc.fasb.org/1943274/2147481962/310-10-50-29 Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 326 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 5 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479319/326-20-50-5 + Details
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